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Back from the brink : lessons from the Canadian asset-backed commercial paper crisis /

"As global markets toppled during the 2008 financial crisis, the Canadian market for non-bank asset-backed commercial paper (ABCP) seemed on the verge of collapsing. Fueled by a top rating from DBRS, ABCP had found its way into the portfolios of some of Canada's most sophisticated investor...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Halpern, Paul (Autor), Nicholls, Christopher C. (Autor), Puri, Poonam (Autor), Cakebread, Caroline (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Toronto ; Buffalo ; London : University of Toronto Press, [2016]
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Halpern, Paul,  |e author. 
245 1 0 |a Back from the brink :  |b lessons from the Canadian asset-backed commercial paper crisis /  |c Paul Halpern, Caroline Cakebread, Christopher C. Nicholls, Poonam Puri. 
264 1 |a Toronto ;  |a Buffalo ;  |a London :  |b University of Toronto Press,  |c [2016] 
264 4 |c ©2016 
300 |a 1 online resource 
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504 |a Includes bibliographical references and index. 
520 |a "As global markets toppled during the 2008 financial crisis, the Canadian market for non-bank asset-backed commercial paper (ABCP) seemed on the verge of collapsing. Fueled by a top rating from DBRS, ABCP had found its way into the portfolios of some of Canada's most sophisticated investors as well as vulnerable retail investors who didn't know what they were holding. The failure of the $32 billion market could have tipped Canadian and foreign credit default swap markets into chaos if it weren't for the swift actions of a few powerful asset holders. Collectively, through the Montreal Accord and led by veteran Canadian lawyer Purdy Crawford, they managed to hold the Canadian ABCP market back from the brink of collapse by crafting a complex and innovative solution. Back from the Brink goes behind the scenes of the ABCP crisis to examine how a solution was reached and lessons learned that could prevent or mitigate future crises. The authors also examine the imaginative use of the Companies' Creditors Arrangement Act and describe the roles played by the banks, the major investors, rating agencies, and the financial regulators in the crisis's origins and conclusions. Back from the Brink holds important lessons for anyone interested in Canadian law, the future of complex investments, and Canada's capital markets."--  |c Provided by publisher 
588 0 |a Online resource; title from PDF title page (EBSCO, viewed July 12, 2016). 
505 0 |a Introduction Part 1. The ABCs of a Crisis. Chapter 1: The Day Montreal Stood Still -- Chapter 2: Not a Regional Problem -- Chapter 3: Enter Purdy Crawford. 
505 8 |a Part 2. The Art of the Possible: Hammering Out a Deal. Chapter 4: A Proposal Is Born -- Chapter 5: Putting It Back Together Again -- Chapter 6: Selling the Deal -- Chapter 7: The Plan Gets Approved -- Chapter 8: It Almost Falls Apart. 
505 8 |a Part 3. ABCP Afterlife: How Has the Market Performed? Chapter 9: Whither a Liquid Market -- Chapter 10: Regulatory Fallout. 
505 8 |a Part 4. Conclusions. Chapter 11: Winners and Losers in the ABCP Fiasco -- Chapter 12: Lessons Learned. 
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650 0 |a Asset-backed financing  |z Canada. 
650 0 |a Banks and banking  |z Canada. 
650 0 |a Negotiable instruments  |z Canada. 
650 0 |a Capital market  |z Canada. 
650 0 |a Investments  |z Canada. 
650 0 |a Financial crises  |z Canada. 
650 0 |a Global Financial Crisis, 2008-2009. 
650 6 |a Titrisation  |z Canada. 
650 6 |a Effets de commerce  |z Canada. 
650 6 |a Marché financier  |z Canada. 
650 6 |a Investissements  |z Canada. 
650 6 |a Crise financière mondiale, 2008-2009. 
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648 7 |a 2008-2009  |2 fast 
700 1 |a Nicholls, Christopher C.,  |e author. 
700 1 |a Puri, Poonam,  |e author. 
700 1 |a Cakebread, Caroline,  |e author. 
776 0 8 |i Print version:  |a Halpern, Paul.  |t Back from the brink.  |d Toronto ; Buffalo ; London : University of Toronto Press, [2016]  |w (DLC) 2016429230 
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